2/13/14 dropped -1.00 to 61.54. The JJJs are now premium to the component by 4.49. The pre-opening says the JJJs will jump nearly a point to 67.00. That will open the premium to 5.49.
So far the pre-opening is not giving the MMMs nearly as much of a bounce as the JJJs are in line to get.
The six-day moving average carcass weight moved up to 215.00#. That is +2.50# yr/yr. Producers are continuing to finish hogs to heavy weights.
Best wishes,
dhm